Baltic region-based Russian steelmaker Severstal has been testing the market with $710/mt FOB levels for February production HRC, up from $685/mt FOB fixed in deals last week. No sales have been reported at this level yet taking into account that it is close to the local HRC price valid in the EU.
Russia’s NLMK has recently sold around 20,000 mt of February production HRC to Turkey at $670-680/mt CFR or around $655-665/mt FOB. Afterwards, the supplier has increased its offers to $675-680/mt FOB, with no further sales reported.
MMK has lately sold 10,000-15,000 mt to Turkey at around $660/mt CFR or $645/mt FOB. The mill’s current offers are at around $675-680/mt FOB.
Ukraine’s Metinvest started the week with $670-680/mt CFR offers to Turkey depending on the coil weight. Nearing the end of the week, the indicative levels have increased by around $20/mt. At the moment, the supplier’s FOB price is estimated at around $675/mt for small coils and $685/mt for big coils. Some buyers, from Turkey specifically, report that there are higher levels already on the table, as SteelOrbis reported earlier.